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WHERE TO PLAY & WHAT’S LEGAL? ONLINE SPORTS BETTING IN SPAIN

 


In 2011 Spain introduced the Spanish Gambling Act, the intent was to introduce regulations, allowing the government to monitor, regulate, and manage the gambling market-based in Spain.

 

This legislation was long overdue, the Spanish government was known to have a very relaxed stance on gambling, it has been legal for over 30 years. The relaxed stance allowed many illegal betting shops to trade for years, making huge profits in the process.

 

There are interesting developments in the area of gambling taxation, with a draft legislative package that would, if it became law, enable Spanish gamblers to deduct losses from their wins for tax purposes. Such a move would be terrific for professional punters, who are currently taxed on their gross winnings from which they are not entitled to deduct their losing stakes. It would provide them with a great reason to bet with an operator licensed in Spain.

 

With the transition period over, it’s now illegal for Spanish citizens to bet with operators who do not hold a Spanish license. There is no shortage of choices with many of the world’s biggest gambling organizations setting up .es domains to service the European country legally.

 

In addition, prior to the legislation, 토토 Spanish citizens were free to use any online betting site they wanted as there were no regulations prevent these services from trading in Spain.

 

The new act changed this and forced companies to either stop trading in Spain or register properly.

 

In fact, this is one of the biggest changes, for any company to operate online gambling in Spain they need to obtain a license.

 

It’s worth noting that Spain is not alone in their bid to control online gambling, even the US is starting to relax its rules. However this won’t change the fact that while most casinos allow 18-year-olds to gamble not all states allow gambling at this young age.